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International records / Foreign Relations of the United States

247. Memorandum of Conversation

, Portugal (December 17–18), Spain (December 18–19), France (December 19–20), and Switzerland (December 20–22). Mr. Kissinger : I don’t understand the $16/barrel? Mr. Levy : I think it was Coastal States perhaps; they bought the oil at that price in Nigeria. Mr. Kissinger : Is my understanding correct? If we don’t stand up now, the Arabs will drive us crazy for the next five or ten years. Mr. Levy : That’s right. Mr. Kissinger : By early next week we have to know what we want from the Europeans. I need to know what my options are. Can we have some work done on this? Mr. Lodal : The CIA has sta…

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